17/03/2023at 13:36

BlackRock buys African wind farm shares from Nordic investors

Kenya’s Lake Turkana Wind Power will be the first investment of BlackRock’s Climate Finance Partnership, says David Giordano, Global Head of Renewable Power at BlackRock Alternatives.

Finnfund's Associate Director Helena Teppana. | Photo: PR Finnfund: Päivi Arvonen.

by REETA ILONA PAAKKINEN

BlackRock and Finnfund have agreed that the Finnish development financier will sell its shares in Kenyan onshore wind farm Lake Turkana to an alternative investment vehicle managed by BlackRock.

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